Innovative Industrial Properties (Innovative Industrial Properties) Days Payable : 300.35 (As of Dec. 2023)

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What is Innovative Industrial Properties Days Payable?

Innovative Industrial Properties's average Accounts Payable for the three months ended in Dec. 2023 was $23.7 Mil. Innovative Industrial Properties's Cost of Goods Sold for the three months ended in Dec. 2023 was $7.2 Mil. Hence, Innovative Industrial Properties's Days Payable for the three months ended in Dec. 2023 was 300.35.

The historical rank and industry rank for Innovative Industrial Properties's Days Payable or its related term are showing as below:

IIPR' s Days Payable Range Over the Past 10 Years
Min: 293.68 Med: 2015.17 Max: 4550.15
Current: 468.45

During the past 8 years, Innovative Industrial Properties's highest Days Payable was 4550.15. The lowest was 293.68. And the median was 2015.17.

IIPR's Days Payable is ranked better than
87.29% of 527 companies
in the REITs industry
Industry Median: 125.84 vs IIPR: 468.45

Innovative Industrial Properties's Days Payable declined from Dec. 2022 (1,225.63) to Dec. 2023 (300.35). It may suggest that Innovative Industrial Properties accelerated paying its suppliers.

Innovative Industrial Properties Days Payable Historical Data

The historical data trend for Innovative Industrial Properties's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Innovative Industrial Properties Days Payable Chart

Innovative Industrial Properties Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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4,550.15

2,562.30

3,907.67

1,630.41

447.13

Innovative Industrial Properties Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															1,225.63	669.16	573.56	406.38	300.35

Competitive Comparison of Innovative Industrial Properties's Days Payable

For the REIT - Industrial subindustry, Innovative Industrial Properties's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Innovative Industrial Properties's Days Payable Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Innovative Industrial Properties's Days Payable distribution charts can be found below:

* The bar in red indicates where Innovative Industrial Properties's Days Payable falls into.

Innovative Industrial Properties Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Innovative Industrial Properties's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (39.991	+	20.997)	/	2 )	/	24.893	*	365
=	30.494					/	24.893	*	365
=	447.13

Innovative Industrial Properties's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (26.355	+	20.997)	/	2 )	/	7.193	*	365 / 4
=	23.676					/	7.193	*	365 / 4
=	300.35

Innovative Industrial Properties Days Payable Related Terms

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Innovative Industrial Properties (Innovative Industrial Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Innovative Industrial Properties Inc (NYSE:IIPR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

IIPRpA.PFD:USA 1IK:Germany 1IK:Germany

Address

1389 Center Drive, Suite 220, Park City, UT, USA, 84098

Website

https://www.innovativeindustrialproperties.com

Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.

Executives

David Stecher	director	C/O INNOVATIVE INDUSTRIAL PROPERTIES INC, 17190 BERNARDO CENTER DRIVE, SAN DIEGO CA 92128
David Jon Smith	officer: CFO AND TREASURER	C/O FIG LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Alan D Gold	director, officer: Executive Chairman	17140 BERNARDO CENTER DRIVE, SUITE 195, SAN DIEGO CA 92128
Scott Shoemaker	director	C/O INNOVATIVE INDUSTRIAL PROPERTIES INC, 17190 BERNARDO CENTER DRIVE, SAN DIEGO CA 92128
Brian J. Wolfe	officer: VP, GEN. COUNSEL AND SECRETARY	C/O INNOVATIVE INDUSTRIAL PROPERTIES INC, 17190 BERNARDO CENTER DRIVE, SAN DIEGO CA 92128
Paul E. Smithers	director, officer: PRESIDENT, CEO AND DIRECTOR	C/O INNOVATIVE INDUSTRIAL PROPERTIES INC, 17190 BERNARDO CENTER DRIVE, SAN DIEGO CA 92128
Catherine Hastings	officer: CFO AND TREASURER	C/O INNOVATIVE INDUSTRIAL PROPERTIES INC, 17190 BERNARDO CENTER DRIVE, SAN DIEGO CA 92128
Andy Bui	officer: VP, CHIEF ACCOUNTING OFFICER	C/O INNOVATIVE INDUSTRIAL PROPERTIES, 11440 WEST BERNARDO COURT, SUITE 100, SAN DIEGO CA 92127
Mary A Curran	director	3 MACARTHUR BLVD, SANTA ANA CA 92707
Gary A Kreitzer	director	17140 BERNARDO CENTER DRIVE, SUITE 195, SAN DIEGO CA 92128
Hg Vora Capital Management, Llc	10 percent owner	330 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10017
Robert M. Sistek	officer: CFO and EVP, Investments	C/O CORESITE REALTY CORPORATION, 1050 17TH STREET, SUITE 800, DENVER CO 80265
Greg Fahey	officer: CAO and Treasurer	600 LA TERRAZA BOULEVARD, ESCONDIDO CA 92025
Gary Malino	director	C/O PRICESMART, INC., 9740, SAN DIEGO CA 92121